Bank Nifty Outlook for 10th Mar

 In the previous session :  

Bank Nifty went down by 209 points then went up by 811 points before closing higher by 657 points on Wednesday.

Bank Nifty made a new life time high of 41829.60 in this upmove from the lows of 16116.25 made on 24th March

On 09th Mar :

Bank Nifty triggered our long trade and completed 2 targets and more doing 450+ points

For 10th Mar :

Sustaining above 34180 enter for 34400 - 34660 - 35350 , SL 33925

Sustaining below 33450 enter for 33230 - 32970 - 32280 , SL 33705

Now for this week :

On the upside :

Bank Nifty has to break and sustain above 34910 - 35220 where it has its initial resistance for a  move towards next targets of 36070 - 36290 . 

Sustaining or closing above 36290 Bank Nifty can move towards further targets of 37020 - 37830

On the downside :

Bank Nifty has to break and sustain below 33910 - 33600 where it has its initial support for a move towards next targets of 32750 - 32530 . 

Sustaining or closing below 32530 Bank Nifty can move towards further targets of 31795 - 30990

So far this week Bank Nifty made a low of 32155.35 completing our next targets but did not give a close below 32530 to confirm a move towards final targets and bounced back to make a high of 33969.50 for this week . 

Now for the coming session Bank Nifty has immediate resistance at 34910 - 35220 which it needs to break and sustain/ close above for further gains . On the downside Bank Nifty has immediate support at 33910 - 33600 which it needs to break and sustain/ close below to resume correction .

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Bank Nifty has now made a high of 41829.60 on 25th Oct 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 18604.45 on 19th Oct 2021 from the lows of 7511 made on 24th March 2020.

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.